Sheela Foam 54th AGM: All 13 resolutions passed, Re 1 dividend cleared
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Sheela Foam held its 54th AGM on 16 July 2026 via video conference, with 265 shareholders attending. All 13 resolutions were approved with overwhelming majority. Highlights: final dividend of Re 1 (20 percent) per equity share of Rs 5 face value approved for FY26, audited standalone and consolidated financials adopted, MSKA and Associates reappointed as statutory auditors for a second 5-year term, Rahul Gautam reappointed as Chairman and Managing Director, Tushaar Gautam as Vice Chairman and Joint MD, and 4 new independent directors appointed.
Dividend approval rewards shareholders. Leadership reappointments signal continuity; new independent directors strengthen board oversight.